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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (36471)5/1/2009 9:33:09 PM
From: LoneClone  Read Replies (1) of 193231
 
Update -Kazakhmys Q1 copper output falls 20 pct vs Q4
30/04/2009 - 07:22

euroinvestor.co.uk

* Sees 2009 copper cathode output of about 300,000 tonnes

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LONDON, April 30 (Reuters) - Kazakh miner Kazakhmys KAZ.L posted a 20 percent fall in first-quarter copper cathode production on Thursday.

Total copper cathode output for the FTSE-100 miner declined to 85,600 tonnes in the first three months of 2009 from 106,600 tonnes in the previous quarter.

"At the end of 2008 we stated that we would reduce output in 2009, by suspending production at some higher cost mines, and this is reflected in these results," said Chief Executive Oleg Novachuk.

It continues to anticipate copper cathode production this year of about 300,000 tonnes.

(Reporting by Julie Crust; editing by Matt Scuffham)

((julie.crust@thomsonreuters.com; +44 207 542 3847))
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